SIERRA WIRELESS INC. (NASDAQ:SWIR) momentum breakout alert!

TRADING IDEA (Momentum Breakout)

Sierra Wireless Inc. engages in the provision of device-to-cloud and networking solutions. The company is headquartered in Richmond British Columbia, British Columbia and currently employs 1,007 full-time employees. Its business is comprised of connectivity services, cloud platform, routers, and embedded cellular modules. Read the full profile here.

STRATEGY

Momentum Breakout Setup (Short term)

1. clean breakout during last trading session (+6.4%)
2. increased buying volume
3. closing price higher than $25.42 (latest resistance)
4. long term trend positive on weekly = high volume
   

Last earnings: 2022-05-11

Next earnings: 2022-08-10

ACTUAL SETUP

• Buy Stop | $25.81
• Limit | $25.86
• Stoploss | $23.39
• Target | Hold between 2 - 5 days or trailing stoploss
  
  

ADDITIONAL INFO/TIPS

• Use our ChartMill Postion Sizing Tool to calculate the maximum number of shares you can buy, depending on your available capital!
• Why using Stop Limit Orders?

Disclaimer: These trading ideas are merely to demonstrate what ChartMill is capable of and shows some typical results of a breakout filter. It is in no way actual financial advise to invest or trade in these stocks. The author has no pre-existing position in any of these stocks.